Winter cannot end too soon to suit the nation's automakers. New-car sales, merely sluggish before Christmas, dropped to a four-year low during the first two months of 1967. Will spring bring any relief? Last week Detroit answered with a hopeful yes.
Shovels & Shoe Leather. If nothing else, the industry's guarded optimism reflects the feeling that things can hardly get much worse. Showrooms are clogged with nearly 1.5 million unsold new cars—a 68-day backlog at the rate cars have been selling so far. The sales slowdown is attributable not only to the general economic lag but also to the unusually severe...
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